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, prepare for merger. a deal takes off between u.s. airways and american. what it means for consumers. troubled waters: insights on cruise stocks following carnival's rocky week. plus, does apple have a trick up its sleeve? traders give us their takes on wristwatch rumors. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, february 15th. i'm angela miles. in today's first look: stocks stay stuck. stocks and comodities barely budged yesterday. a cross-current of postive news on jobs and m&a deals in the u.s. offset negative economic data out of europe, which held the market in check. shares of herblife soared 15% after hours on word carl ichan bought 14 million shares of the nutrition company. and tiffany is suing costco. tiffany claims the club chain is selling engagement rings bearing the tiffany name. traders will enjoy a long holiday weekend. with presidents' day coming up on monday, the markets will be closed. mark sebastian of option pit mentoring joins us on this friday for a closer look a
action. it was the largest climate change rally in u.s. history. that rally in the nation's capital was one of many protests held tonight including a large demonstration in san francisco. ken pritchett was there and tells us what is being demanded of president obama. >> organizers say about 5,000 people marched on market street they marked against fracking in california. but this rally is support of a much bigger event in washington, d.c. sponsored by the sierra group aim -lted at the president. >> if you're serious about curving emissions you need to say no to the houston pipeline. >> reporter: build this pine line out of canada and the angered environmentalists. >> we've seen positive indications from the administration but we've also seen you know some indication that we would continue to explore our natural places for fossil fuel exploitation. >> reporter: in his state of the union address. the president said that he would take executive action to curve climate change if necessary but was quiet about the pipeline. >> we're going to pull our dollars out of the companies. >> repor
display ads on yahoo sites. the wall street journal reports american airlines and u.s. airways may announce a merger in a week or so. shares of u.s. airways flew higher. and let it snow! ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powder-packed weekend. mark sebastian of option pit mentoring joins us now for a closer look at the market. good morning to you. do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark? > > you know, maybe, but i wouldn't. i think we are due for a breather here at this 14,000 level in the dow. but there are going to be a lot of investors that see this train that has already left the station and want to get onboard. i think we are going to see an all-time high in the dow in the next 30 to 60 days. > wow. let's do some bonding: what do you think about the bond market? is this the time to buy there? > > for a short-term trader, yes. i think we have hit a near- term low. but over the long haul, rates are still really low historically.
do you think about germany? > > you know, europe good is good for the u.s. that has been kind of the big laggard on, i think, the global economy. so if europe gets its act together, i think the s&ps go to the moon. > what would you buy right now then, just an s&p index? > > yeah, i would be looking at spiders or an s&p future, or call options on the s&p futures with the vix so low. > you are definitely a bull in this market. > > absolutely. > would you buy any stocks related to germany? > > you know, maybe. i think i would still like to stick to core u.s., because u.s. continues to lead the overall world. > mark, great to have you on the show. we will see you in a bit. > > thanks for having me. president obama turns up the heat on members of congress to avoid automatic cuts to federal funding that could start by the end of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, pre
a slew of cyber attacks on the u.s. means for americans and the web. plus, a look at the books. are wal-mart's numbers signaling trouble ahead? and, trading strategies in gold, coca-cola and herbalife from our team of traders. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, february 22nd. i'm angela miles. in today's first look: selling continues in the market. stocks and commodities fell yesterday on distressing economic news, including a rise in unemployment claims. but it was the vix that made the day's biggest headline. the gauge of anxiety in the market jumped the most since 2011 this week. investors are becoming concerned about the march 1st deadline for sequestration even though traders tell us a deal is likely to happen. earnings after the close came in from hewlett packard. aig turned in a loss due to superstorm sandy. hpq shares shot up 6% last night on better-than-expected news. and today, the midwest is digging out from winter weather as the northeast prepares for the next round.
's parent company, amr, and u.s. airways are scheduled for a separate meeting today to talk about a merger. larry shover of sfg alternatives joins us now for some trader talk this morning. good to have you on the show post the president's speech last night. how much will it mean to the markets today? > > you know, it was a really great speech last night, but i think a lot of that was priced into the market, because president obama did lay out his proposals and his plan quite a while ago, and there really was nothing material that changed from what he had spoken about even a couple months ago. > the market seemed to be a little concerned about some statements out of the g-7. how is that playing out? > > it is funny, the market is concerned, but i think they are more concerned with the g20 that is coming up on friday. right now we are just stuck in a micro-range right now, because people don't know what to make of it. there are so many headlines coming out of europe. i don't think people know what end is up right now. > here is a big headline: opec is talking about all the demand out there f
and truck sales in the u.s. could be better than last year's numbers, and those were the highest in five years. last year, we spent a lot of time talking about evs - electric vehicles, hybrids and plug-ins. analysts say the buzz is a little less because those cars have become a part of the line-up. but fear of being stranded somewhere with no place to plug in is still a concern for consumers. the ntsb is out with its findings about boeing's battery trouble aboard its dreamliner. safety investigators are linking the fire to a short-circuit in a lithium ion battery. the battery caught fire aboard a boeing 787 parked in boston. it's still not clear what sparked the flame, and figuring out could take weeks. investigators are checking into the charge going into the battery as well as the design of the battery. internal emails may expose more about jp morgan's bad home loans. dexia, a belgian-french bank and an investor in jp morgan securities, filed the lawsuit accusing the bank of hiding or adjusting reviews of bad mortgage deals. internal correspondence showed that jp morgan bundled the mor
contracts depend on the u.s. ag department's inspections. meanwhile, gop lawmakers characterize tax increases as a "nonstarter" to the debate. lawyers gather today in new orleans for the civil trial against b-p. it's been just about 3 years since the explosion aboard the deepwater horizon rig-- that sent oil spewing for months into the gulf of mexico. billions of dollars are on the line for businesses and residents affected by the spill along the gulf coast. "this is a great opportunity for the obama administration to hold bp accountable for the problems that it is causing today and the additional problems that will reveal themselves over the coming decade. we know bp can afford it it and it's just going to hold them accountable and do justice for the people and wildlife of the gulf of mexico." b-p faces a penalty of more than $21-billion dollars for the equivalent of nearly five million barrels of oil spilled. an attorney tell us bp is likely looking for a reduced penalty. "they always ended up starting off with huge numbers and then went down from bp is gambling that hi
. our cover story takes a look at the government's case and where it may lead. u.s. attorney general eric holder says the case goes to the very heart of the recent financial crisis. in a civil lawsuit, he accuses standard and poor's ratings services and its parent company mcgraw hill of downplaying and disregarding the true extent of subprime mortgage risk so large investment banks could sell them to unsuspecting buyers. "s&p misled investors, including many federally-insured financial institutions, causing them to lose billions of dollars." s&p calls the lawsuit "meritless," adding, "claims that we deliberately kept ratings high when we knew they should be lower are simply not true." attorney hugh totten thinks the government's efforts are misguided. "the ratings companies are not the primary sellers of these collateralized debt obligations. these guys just rated these things." s&p ratings are considered reliable opinions in a field where the number of competitors is limited. yet s&p says its ratings weren't much different from theirs. but the justice department alleges that s&p's h
american airlines and u.s. airways. the boards of both of those carriers may also vote on merger today. the marriage of the two airlines means less competition between major carriers, following mergers between u.s. airways and america west, delta and northwest, contiinental and united, and southwest and airtran. "well, it's the business travelers who are the most nervous here. on the liesure end there's some much diversion to discount airlines. but you take places like philly, new york out east, there's a lot of concentration there and there could a few effects." that was depaul economics professor joe schwieterman. he does not foresee regulatory obstacles for amr and u.s. airways to merge. boeing is giving its customers a heads-up that dreamliner arrivals will likely be delayed. manufacturing on the troubled aircrafts will continue, but boeing has said deliveries that were expected in the near future are either delayed or at risk of being delayed. some carriers such as norwegian air are giving customers the option of changing flights to later dates. the dreamliner has been grounded si
to haunt standard and poors. the u.s. justice department plans to file charges against s&p for ratings assigned to mortgage bonds before the 2008 financial crisis. that agency - and others - slapped high ratings on mortgage securities that eventually led to financial collapse. it's the first federal action that's been taken against a ratings agency for behavior stemming from the housing crisis. s&p says "the lawsuit would be without factual or legal merit." higher prices at the gas pump trickled into consumers' spending by the most in 3 decades. gas prices are breaking records this february with an average cost of $3.50 per gallon. that as the energy information administration reports u.s. households spent an average of nearly $3,000 putting gas in their tanks in 2012, the most money since the early eighties. it's testy times in our nation's capital. president obama failed to submit a budget plan, and republican house speaker john boehner is calling him out on the missed deadline. "this was supposed to be the day he submitted his budget to the congress. but it's not coming. it's going
are in custody on unrelated charges. their names not released. >>> former u.s. representative, jesse jackson, jr. and his wife agreed to plead guilty they misused campaign funds. the chicago couple struck a deal today. jackson and his wife, sandra steven jackson admitted they used $750,000 in campaign funds for personal expenses and gifts. jackson resigned from office in november. he is the son of famed civil rights leader jesse jackson. the judge will determine if punishment is expected to be from probation to five years in prison. >>> some u.s. senators are questioning a move to end saturday mail delivery this summer. newmexico senator and 23 others wrote to the postmasterrer general. the postal service may not have the authority to cancel saturday deliver and cuts could cast them more than $5 billion rather than save $2 billion as the agency claims. the senators ask the postal service to work with congress on reforms. >>> a report from jerry brown's office says he allowed parole for more convicted killers than the predecessors. governor brown let stand freeing convicted killers last year and
groups says gene splicing will hurt the industry. more u.s. workers are saying "i quit." about 53% of workers who left their jobs in december of 2012 did so voluntarily, and not due to layoffs or firing. that's up from about 37% in 2009, according to the u.s. department of labor. analysts say it signals faith in the economy. still to come, the hunt for the hot idea. why venture capitalists are ramping up the search for the next big thing. that's later. but first, why farmers are bracing for higher expenses in 2013. that's next with bill moller. some quiet but very important changes are taking place down on the farm these days. they're prompted by the sky-high land prices that we have seen for the past few years, but also by new technologies and greater efficiencies. these changes are outlined in a report from the federal reserve bank of chicago. david oppedahl is the business economist who compiled the data. why don't you first talk, david, in general terms about these changes and trends? > > agriculture is seeing a lot of activity in the last few years as some of the commodity pr
in the u.s., quotes were double those from china, where 99% of u.s.-sold bicycles are made. > >after spending a considerable amount of time doing market research on the current coaster, kerr has some advice for other entrepreneurs as they venture into making their products thrive. "i think you gotta keep the dream. you gotta really remember what your vision is and be willing to adjust your vision as you learn more about your market, because it may not be what you thought in the first place." reporting for first business news, i'm ky sisson. for more information on the current coaster, check out: coming up next, movies and money. why one film studio should be afraid at the box office, very afraid. the box office will be filled with fantasies for the next couple of weeks. erik childress, our movie guy, is here to explain that. good to have you back. > > thank you. > first off, "jack the giant slayer." this is a huge fantasy film. what do you expect? > > i expect warner brothers is going to be sweating a little this weekend. > why so? > > one, they are not having a
it conducted a nuclear test tonight. u.s. officials had suspected that an earthquake a few hours ago was actually an underground explosion. this is north korea's third nuclear test. pyongyang had been threatening to conduct it for weeks. the international nuclear test ban organization calls north korea's testing a clear threat to international peace and security. >>> president obama is set to deliver his state of the union address tomorrow night before a joint session of congress. the president plans to focus on the economy. he's expected to call for more government investment in education and infrastructure while also acknowledging the need to reduce the deficit with new taxes and budget cuts. the white house also says his top priorities are the same as they have been, creating jobs and growing the middle class. >>> apple ceo tim cook is one of the invited guests. he's expected to watch the state of the union with the first lady. last year she was joined by steve jobs' widow. the first lady has also invited military families and victims of gun violence. our live coverage of the stat
,000, the driver is being held at the imperial county jail. >>> the head of the u.s. anti doping agency has asked the justice department to join a whistle-blower lawsuit against cyclist lance armstrong. the justice department has not yet said if it plans to join the case. all of this comes just a day after armstrong announced that he would not answer questions under oath before u.s. anti doping officials. >>> the flu shot isn't giving seniors much protection. federal health officials say it is only proven 9% effective for people 65 and older. health fishes say they are disappointed with the shots effectiveness but they are still recommending it saying less protection is better than none. it can also decrease the severity of symptoms. >>> ktvu's david stevenson went to reno to find out how the weapons are getting from there to here. >> reporter: nevada has seen its share of boom and bust though there's one export besides lady luck that consumers can't seem to get enough of. handguns, shotguns, and semi automatic rifles. >> probably half of the illegal weapons start coming in to san francisco and t
celebrating 27 years together next month just a week before the u.s. supreme court's historic hearing. >> reporter: the new york times reveal today that at least 75 high profile republicans including meg whitman are joining together. former utah governor john huntsman did an about face writing quote, the party of lincoln should stand with our best tradition of equality and support full civil marriage for all americans. >> the justices are human and are influenced by events in politicians so i don't think this is outside the realm of things that could have an impact. >> garrett and lewis say they will be on the steps of the supreme court for hearings they hope will lead to an end for their long struggle for marriage equality. in san francisco, rita williams, ktvu channel 2 news. >>> more details now on the growing support for same-sex marriage. on thursday a group of at least 60 american companies also plan to submit a brief to the u.s. supreme court arguing that bans on same-sex marriage are unconstitutional. and that list includes several silican valley companies such as apple, face
. the u.s. justice department wants to stop a $20-billion merger between anheuser busch in-bev and grupo modelo sab. the merge would make prices pop and the u.s. beer market less competitive, according to the department of justice. ab in-bev already owns a 50% stake in modelo, which makes corona extra, modelo especial and pacifico. the maker of budweiser products plans to fight the doj's decision, but says the deal is off for now. constellation brands also had a side deal as part of the takeover. we'll have more on that stock later in chart talk. japan's largest airline is doing the math on its dreamliner losses. japanese airline all nippon airways, or ana, says it has taken a $15-million revenue loss following the grounding of 787s. 459 of ana's flights were cancelled as investigators look for clues into what sparked fire and smoke onboard dreamliners. ana plans to seek damages from boeing, but says it doesn't expect the problems to last long. analysts say it could be the richest ipo since facebook: pfizer is spinning off its animal health unit zoetis. zoetis sold 86.1 million shares pr
an estimate from 150,000. the government says the u.s. unemployment rate clicked up to 7.9% from 7.8. >>> a watering hole tonight, a new location. the lounge celebrated the official reeping at the new fisherman wharf location. it came here after a conflict with their landlord. they return just in time for the 49ers return to the super bowl. the mayor proclaimed gold dust lounge day and promised to drop by during sunday's game. >>> the first day of san francisco's nudity ban. what protesters did and how the police reacted. >>> hilary rodham clinton departure today is just the tip of the iceburg. the big shovel in the white house cabinet. >>> the warming trend has come to an end. how much cooling you can ebgt pect [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat. dreyer's ice cream is only $2.8
. >> they wanted to know the people of south america and wanted to go to places they went. >>reporter: the u.s. embassy in peru issued warnings about kidnapping threats in the bike shop that jakie neal works raised $4,000 formation raising to the couple's safe return. >>> authorizes are widening the search for a spukd in a las vegas shooting that killed three people. three-year-old ammar harris fired shots into a car killing the driver, consenty cherry jeanor and kraumzed a fiery crash. the man hunlt cell phone expended to several -- the manhunt is extented to several places happy used to live. he has a criminal history charges of kidnapping, pandering by force. >>> here is a graffiti bombing and asking for help from the police. after getting a look at the extensive damage done by them over the weekend. >>reporter: we are talking about thousand's of dollars in damage. apartments and church covered in spray paint about five minutes from where we are at the police headquarters. >> this is pure vand limbs. >> just as the party was wrapping thursday saturday morning he heard commotion outside of h
replaces tim geithner. italy's elections for prime minister contributed to market moves in the u.s. the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic party of italy. italy's outgoing prime minister, mario monti, accounted for just around 10% of the vote. "bp was blinded by greed" and the castrophe was preventable. that's what attorneys figthing against the company had to say opening their remarks in the bp trial. bp attorneys contend multiple parties are responsible. the oil giant is on trial for thde explosion in the gulf of mexico back on april of 2010. 11 workers were killed and oil gushed into into the ocean for 3 months. behind the scenes, the department of jusitice reportedly has a $16- billion deal on the table. $6 billion would settle the clean water a
and by 2020 latinos will be the largest group at 41% with whites making up about 37%. >>> the u.s. labor department is reporting a sharp spike in applications for unemployment benefits. first time applications jumped 38,000 last week. that is a change from the previous two weeks when the numbers fell to five year lows. analysts say the numbers remain consistent with moderate hiring. the national unemployment rate for january is due out tomorrow. >>> nasdaq was flat. january was a positive month. its strongest since 1994. >>> the noro virus outbreak. the link to a company party and what could have prevented it. >> and folks in baltimore likely jealous of our team and our weather: we'll show you >>> new at 10:00, a vigil was held tonight for san francisco's latest victim. >> reporter: we're at 11th and mission it's not the best area at night but it's not the worse. and this is where a software sales man was mourned tonight by strangers. >> we all know what it means to lose somebody. >> reporter: this vigil rarely grabs a glance as people rush by on their workday. >> to some people he's j
be smooth sailing for u.s. airlines and american air. it would create the world's largest airline in terms of traffic. the journal says the deal is worth more than $10 billion. there is still a chance that this deal could fall through. >>> a camel that broke out of the enclosure twice yesterday is doing all right. ktvu spoke with the camel's caretaker today. he told us vets checked out the camel today, and gave him a clean bill of health. saying camels are social animals, and think he may have broken out to be with the cattle downed road. >>> police are releasing very little information about the case including how 13-year-old janel conway allen died. her naked body was found last friday at allen witt park. fairfield police have set up a 24 hour tip line, and are asking anyone who knows anything about this case to please give them a call. >>> we have new details tonight about the triple homicide in sonoma county, including the names of the victims. ktvu's ken pritchett has more on the activity that authorities say prompted the shootings. >> reporter: behind the crime scene tape and out of
's supervisors stood up in support of same-sex marriage today. they said they believed that the u.s. supreme court will make it legal sometime this year. >>> san francisco assemblyman phil ting says he wants to stop a discriminatory process that affects same-sex couple. they pay federal taxes on health care for their partners. >> we need to help close that loophole to not accept that tax so we will not accept it as income. >> reporter: ting says the practice is not fair. hetero sexual couples are not taxed the same way. >>> police say a 19-year-old man was shot and killed last night on campus. ktvu's john sasaki spoke if the victim's father who issued a challenge to anyone who might have information. >> reporter: san leandro elementary was closed today because students were told to stay home after the death of a student. >> i want to know who feels they can play god to shoot and kill somebody over a game of dice. >> reporter: we met foster's father who says this kind of violence is far too common. >> to say i hope his senseless killing stop, nobody should have to bury their son especially wh
in parts of u.s. near detroit whiteout companies are being blamed for accidents that closed parts of two interstate highways. south carolina also saw snow and national weather service issued a winter storm warning for parts of massachusetts with forecasters predicting heavy snow and strong winds there overnight. >>> from the vatican comes word that catholic cardinals could choose a new pope sooner than expected. that the pappan conclive, the group of cardinals that chooses the pope could meet earlier than march 15th if the coordinates are already fathered in rome. coordinates are eager to make their decision before palm sunday. pope benedict xvi is scheduled to step down on february 28th. >>> in other news of the world in kabul president hamid karzai says he will issue a decree banning afghan security forces from asking for foreign help to carry out airstrikes in residential areas. the announcement comes days a joint inside rate in kunar provence can afghan officials say killed ten civilians, including women and children. children. >>> in pakistani city tonight at least 6 apeople are dea
. >>> the u.s. state the -- department is now involved on the search for a couple. the couple was last seen in peru. >> reporter: they are a happy couple on the vacation of a lifetime. miles away from home they were never away more than a computer away from family and friends. the couple has chronicled their travels on facebook. but the photos and status updates stopped on january 25th. >> it's upsetting. you know i'm worried about both of them. >> reporter: jamie is on extended vacation from the peddler bike shop in el cebrante where she worked and put her bike together for the road trip. those bikes are ever present in their facebook photos. posts showed their traveled to argentina, chile and peru. one of jamie's last updates noted going to lima instead of machupichu. a security message warning americans of kidnapping threats around cusco. >> what kind of warning would they see while traveling, they are within the people. they're not watching the news. >> reporter: the state department put out this poster of the missing couple. >> my greatest hope is they return on schedule unharmed. >> r
conviction all the way toth u.s. supreme court. in san francisco rita williams, ktvu channel 2 news. >>> san carlos police have issued an alert to residents to be aware of thooef carslying out a rash of brazen daytime burglaries. four have been reported in a 48-hour period on cliff ton avenue. investigators say in each case the robbers kicked in a door to get inside but no one was home. the thieves made off with electronics, jewelry, camera equipment, money and other valuables. >>> a man accused of killing a 13-year-old girl and dumping her body in a fairfield park appeared in court today. anthony jones did not enter a pleas and due in court again next thursday. he is chargeed with the kidnapping murder and rape of 13-year-old genelle conway allen. the judge said he's under the assumption prosecutors will sheik the death penalty against jones. today we also learned in the days before his arrest jones restrained wife filed a restraining order against him saying she thought he would kill her. >>> santa clara county today announced a new gun buyback program. it's going to be held march 2nd at t
." a vote on lew's confirmation is expected toward the end of the month. the u.s. postmaster general is now pleading with congress to take steps that will stablize the struggling postal service. "we need your help to pass legislation that allows for more revenue generation and efficient, effective cost control and fundamental changes to our business model." u.s. postmaster general patrick donahoe made that argument at a hearing wednesday on capitol hill. donahoe wants congress to lift the law requiring the postal service to "pre-fund" 75 years of benefits for retirees. the agency racked up $1.1 billion in the past year, partly because of employee benefits. donohoe wants to use a new business model that could save up to $7 billion by 2016. but senator jon tester of montana is not too happy about the postal push to end saturday delivery to cut costs. "...because it has an impact on rural montana. you may not feel it in pittsburgh, in miama, or chicago , or houston or la or any of the big cities, but we don't get mail for 5 or 6 days!" it's possile if congress doesn't act soon, the postal ser
's yearly fleet week celebration but their wings may be getting clipped. the u.s. navy has put out a memo saying if se quest ration hits it plans to cancel funding for blue angels shows in the second half of this year saving some $20 million nationally. skwes ration means across the board cuts that would strike march 1st if congress can't reach an agreement on deficit reduction. >> we would lose millions of dollars in economic activity in what is a very significant event for san francisco. >> we're going to go underneath the golden gate bridge and around al have a traz. >> fleet week is worth a lot of money and the blue angels are a part of that. >> everybody wants to get on the boats and see the blue angels from the bay so there's thousands of boats out there during fleet week so it's very, very -- it would be devastating, i think, for the wharf. >> i think it's cool because i think it's a great tourist attraction. >> city officials also say they hear numerous complaints about the sonic boom-like noise of the blue angels. if the blue angels don't fly, he won't miss them. >> by flying ove
. there are chain controls in the sierra area. on i80 chains are required from nyack to truckee. and on u.s. 50 from east placerville to myers. ken wayne went to the sierra and it was not long before he ran into trouble. >> reporter: caltrans put up chain controls at about 11:00. but it was from this point heading eastbound toward the summit where the problems really began. we have just passed the chain controls and we've already hit a situation. we're kind of on a curb where the road slightly leaning to the right. this semi truck to our left is spinning out. so is a small suv right in front of it. once we made it past that truck we found a pair of tow trucks helping free an suv that spun out and sustained damage. we saw a big rig getting a push from a caltrans truck. the ice clung to the road. and to our mirrors. it was a tense drive, a bit much for laura slate and her family. >> we may end up going back home because they said they closed the freeway down at colfax. >> reporter: the interstate was shut down for hours as spin outs were cleared. >> a cold snow like this is icy, that's the problem. we
's mother. she told me the family has received phone calls from the u.s. em intas and peruvian government. the officials say the couple have been spotted in a remote village in peru and the two are on a boat on the river and a plane is being sent to find them. a family friend told us everyone is just anxious to hear from the couple after no contact for a month. >> we're hopeful, of course. remaining kind of optimistically cautious, you know, waiting for proof of life at this point hoping the stories we've heard recently are true. >> this afternoon at the bike shop where jamie neal works, her boss told us he received word that the couple had been found in a remote area where there is no telephone or internet service, and that may explain why they stopped posting their whereabouts on social media. >> we're thrilled, and i'm going to sleep well tonight. >> the couple is on an extended trip that started in late november and wasn't due back until next month. family and friends have feared for hand and neal after the u.s. embassy in lima warned of a kidnapping threat after americans. we will co
orange chicken for anyone that walks in with their 49er gear. >>> a suicide bomber attacked the u.s. embassy in turkey. he died. the bomber is a known militant. state department officials say the embassy is heavily protected but is also due for an upgrade. >>> in mexico city the death toll from yesterday's explosion at the pemex headquarters rose to 23 today. rescuers are still looking for more possible victims. the head of pemex says it appears it was an accident although the cause has not been determined. and a spokesperson said most of the damage was too administrative offices. >> back here in the u.s., john kerry was officially sworn in today as secretary of state. kerry's wife and daughter attended the ceremony at the capital today. kerry was overwhelmingly approved for the role with 94 yes votes and only three no votes by his former colleagues in the senate. kerry takes over the postfor hillary clinton. >>> tomorrow is another winter spare the air day. bay area quality officials say the air is expected to be unhealthy. that means burning wood is banned. the problem is the smok
the third most watched program in u.s. history behind super bowls 46 and super bowl xliv. the neil company estimates 144 million people watched the game. baltimore was the most tuned in city but san francisco incredibly didn't even make the top 10. >>> candle stick park long criticized for its out of the way location and chilly wind may soon become a bay area memory. as david stevenson reports the stick also holds some very dear memories and some people are now asking to have a piece of it. >>> it's hosted everything from the beatles final show to the show that rocked the city. candle stick is to be demolished in a few months. >> this is going to be a very emotional thing. >> reporter: lenar plans to build a shopping center and plans to demolish candle stick very soon. once the stick is taken down, lenard plans to recycle the rubble to graze the foundation. season ticketholders are already requesting their seats. >> it's a place that people have you know lifetime and sometimes multiple generations worth of memories. >> reporter: people such as 49ers fans and candle stick employee jorish ro
of either saying the pledge of allegiance or observing a moment of silence. >>> the u.s. justice department along with california and several other states filed suit against standard and poors. the suit claims p refused to warn investors that the housing department would be collapsing because it would be bad for business. >> s & p gave premium ratings to risky investments. >> reporter: state attorney general camela harris says pension funds put money into those investments based on s & p ratings. >>> wall street rebounded today following yesterday's steep drop. the dow's gained 99 points to gain 25 points shy. nasdaq was up 40 points. investors computer is going private. michael dell and an investment company are buying the trading company. dell's profits have faded and this could be michael dell's plans to restore the company to its former glory. >>> a man is accused of trying to snatch up a girl that was riding a bike. the man cursed at her as she was peddling down emerson street. then as she got closer she say it is man crossed the street and tried to snatch her up. he grabbed her arm an
. >> reporter: we can show you the coast guard island in alameda. the u.s. coast guard tells us this family may have been in the water for 4-1/2 hours. the two adults and six children under the age of 8 sent out a distressed signal when the sailing vessel started taking in water. all the coast guard could get from the call was that the family was about 65 miles off of pillar point drifting south toward santa cruz. the four on board did not have life rafts or survival suits. in the latest communication, they were told the family was going to string together coolers and other floatable in order to get off the vessel and still stay afloat. >> instant survival depends on -- we weren't able to find out if they had life jackets. we know they didn't have life rafts or survival suits. >> reporter: rescue efforts began immediately after that call. they deployed a c130 plane from sacramento sent out a rescue boat from monterey and a state air national guard is right now mobilizing their efforts and again you see the coast guard station in alameda behind me because that's where a cutter just left that isl
want some sort of review before drone strikes are used on u.s. citizens. >>> the controversial subject of drones in this country. last thursday, seattle police acknowledged the idea of using drones after community opposition. tonight health and science editor john fowler investigates other drones, personal drones that have some fantastic and frightening possibilities. >> reporter: drones already fly over the bay area recording anything, anyone, even you almost without restriction. jason short is an industrial designer at tech guy. one of many in the bay area who fly sophisticated camera drones as a hobby. >> i'm just trying to have fun. it is a lot of fun because it's challenging. >> it's really an authentic feeling. you can look around and just the same you would look around in an airplane you can look around in this and you can see what this sees, it's pretty spectacular. >> reporter: for less than $1,000 in parts it's a high definition surveillance camera. within line of sight, technologically almost unlimited, autonomous any where. >> we can click on a map and say go here, and it w
's the finding in a survey of u.s. consumer credit risk by the professional risk managers' international association, which found more consumers are asking for new lines of credit, leading some to believe that americans are willing to take on more debt than during the recession. "it doesn't surprise me. i think a lot of people are past that frugal fatigue and think 'i can afford to take risk again.'" confidence may be part of it, but greg mcbride, sr. financial analyst at, thinks it may be happening out of necesssity. "household income rose only 2.1% last year, and now that's taken away by the 2% raise in the payroll tax. so people are borrowing because of stagnant wages and resorting to credit for necessities." during the next six months, bankers expect more requests for lines of credit and balances to increase. does it mean more americans will put themselves at greater financial risk? not necessarily. "increasing your credit line sometimes can help your credit score by increasing your available credit. but opening new lines of credit can be negative, depending on everythin
on a mobile device. it is shutting down its electric vehicle parts operations in the u.s.. it plays that. it employs 200 people. the business times says the company never really took off here. instead better place will focus on markets in israel and denmark where it has had success. it raised more than $750 million in investment capital. >> the price at the pump is moving higher. how soon before we shoot past $4 a gallon. what other is headed to the bay area. i well had what you can expect for wednesday. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. ♪ [ engine revs ] [ female announcer ] small... [ engine revs ] wicked... ♪ and now... ♪ topless. ♪ the fiat 500 abarth cabrio. ♪ mexican authorities say six women tourists from state were raped by a gang. they were wearing masks when they forced their way into a rented beach house tie
airlines and u.s. airways are harshing out -- ha sshgs hashing out the details of a deal to end next week. >>> the dow lost by 42 points. the s, and m down by 2. >> linked in are up nearly 10% after hours following earnings that soured past expectations. >> linked in earned $5.11 million. revenue rose by 81%. the company boosted its outlook. >>> all classes scheduled before 4 this afternoon at 3 buildings, the art building, the performing arts center and parts of the physical education complex of the school officials say a back ho operator hit an electrical line. >>> the bay area authority toll has marked the opening of the new eastern span of the bay bridge. our consumer editor, tom baker tells us how much this will cost. >> come labor day, pedestrian will be able to get on the news spin for a 1 way, 2-hour, 5-mile san francisco walk, returning by bart, 5 and a half million dollar budget. >> buses, barricades, bathrooms and body. >> emts, the volunteers that are needed, 15,000 people per hour for about 200,000 in all will allow walkers a safe, not packed in like sardines environment. >>
for an interesting weekend. for days now we have been watching the nor'easter roll into the eastern part of the u.s. a few minutes ago we brought you a live report. that reporter in boston looked miserable. >> did not look fun out there, gasia. the next 12 hours will be critical. the snowfall rates will continue to be on the increase. right now on live storm tracker 2 this is the loop over the past six hours. the good news f there is any, it is a relatively quick mover. over the next 12 hours, a critical time frame. as you can see this is the loop. you will notice that the bulk of it turning over to snow right now. really out towards hartford and boston. back here across the west, our old rain and the snowfall has moved out of town. basically the rainfall heading out towards southern california and we do have a dry weather forecast to talk about. the temperatures, though, the cold air mass remains in place. as a result the temperatures cold out there already. dropping into the 40s out towards concord and walnut creek. napa, checking out 44 degrees in downtown san francisco and lower 50s at 51. fore
not yet. the boards of both american airlines and its expected merger partner, u.s. airways, pushed back planning meetings with no specific date set to sit down. according to reuters and other outlets, those meetings will still likely take place mid- week. final approval of the merger, if it does come to pass, lies with the justice department, which is expected to give its consent. an etf explosion is happening. average investors are pouring billions of dollars into exchange traded funds - those are funds that trade like stock, but instead of one stock are a basket of companies. ed gjertsen of mack investment securities joins us via skype. what's prompting this? > > hi angie. i think it's more than just individual investors. it's also institutional investors that are throwing billions into etfs. it's a remarkably convenient and flexible way to invest in the market. > is this good? what are caveats? > > investors have to really be careful - not only individual investors, but also professionals like myself. there are a couple of tax implications that might be hidden within the etfs that yo
. >> on immigration reform he pushed for citizenship for the 11 million illegal immigrants in the u.s. and ongoing control he made it clear he wants action. >> the >> the address will get two immediate formal responses. marco rubio will represent republicans and ran paul will speak for the tea party express. >> president obama was very firm talking about climate change and got a lot of applause talking about a paycheck fairness act and we're waiting for those republican responses to begin within the next few minutes. >> be sure to go to former more coverage including more details about the president's plans to the tap of our homepage. multibillion-dollar perks with nbc universal. comcast plans to buy ge's 49% stake in nbc for nearly $17 billion. it says is taking advantage of low interest rates. for an additional billion nbc's new york headquarters said rockefeller center. >> the los gatos company is teaming up with dreamworks to produce original cartoon series. based on the upcoming movie turbo. it's about as it's about a snail who give the power after an accident. it debuts on september.
released without charges. the u.s. supreme court is expected to rule this summer on california's gay marriage ban. if possible same sex couples may be able to be married next valentine's day. >>> candy and cards aren't enough are in some. they needed a pillow fight. >> the crowd of fighters still at herman plaza in san francisco, has become a tradition of the take a look at these pictures and you'll see not everyone got the message. last year, the over time bill for clean up crews was estimated at $5,000. some say it's worth it for the joy of pillow combat. >>> the sheriff's office confirmed a few hours ago, human remains found in a burned cabin has been identified as fugitive christopher dorner. the former la police officer died tuesday after being pinned down. the fire was igno, sired by teargas canisters. the remains were identified through dental records. they believe him through shootings. 4 people were killed, include it would go law enforcement officers. >>> sandra elementary school was closed after a 19-year-old man was shot and killed overnight on the school grounds. our rep
. it is expected to be a vailable in the u.s. in two weeks. >>> for the first time more than a century. boats are able to travel to the lake channel to the lake itself. the city celebrated with an aquatic ribbon cutting. monfrea bond measure has been transforming the south end of the lake. with the removal of the dam. it was opened and a new park is created. wildlife will benefit even what the mayor called the obnoxious cana dageese. >> the only illegal -- canada geese. they are the only illegal aliens i worry about. they come to oakland and never want to leave. >> the next phase will be to remove the 10th street colvert. >>> candlelight vigil got under way more than an hour ago to remember victims of gun violence. dozens of people attended this evening's remembrance. there was a rally in oakland outside of barbara lee's office urging her to press ahead to the gun control efforts. it is part of a national day to end gun violence and aims to make background checks for punches. >> an off duty officer in the right place at the right time. >> his detour on a day that was changing his life forever
are taking an extended trip and when you are taking a cruise. in fact, the u.s. embassy says if you are taking cruises, always get the travel insurance. > interesting. what are the costs? > > the costs would be dependent on the length, the duration of your trip, the cost of your trip, where you are going. but more importantly, it depends on your age, and how risky the trip is for your age. so if you are 20 years old and you're going through london and you're couch-surfing, your travel insurance is going to be a lot less than if you are 65 and you are going to guatemala to hike. and the older you get, the more expensive it is. > i still feel people might buy this and then something is not covered. so what does it include? > > you could get a really jacked-up medical insurance plan that is going to cost you 200, 300 bucks; or you could get a basic plan that will only cost you, say, $25 or $30. so, you need to look at the policies, you need to see what you have on your own insurance policy - remember, if you are on medicare, you do not have coverage outside of the country - and you ju
. >>> civil rights icon has taken her rightful place among those that had helped shape the course of u.s. history. president obama and congressional leaders unveiled the bronze statue. parks is known for challenging segregation laws in alabama almost 60 years ago when she refused give up her seat on a city bus. she was the first woman to be honored with a statue. >>> van cliburn is being remembered for 1 of the best pianosts. he rose to fame when he won the first international tchaikovkyy competition. he was 78 years old. >>> after a dramatic procedure at the children's hospital, 10-year-old mary was born with her left leg shorter than her right. starting last may, the 4th grader began wearing an apparatus, growing her leg 3 inches. doctors say she'll need no further surgery, and by the time she's 16, he legs will be even. >>> a new policy has some parents concerned about a contagious parasite. joseph tells us parents think they're being kept out of the loop. >> reporter: they run around and huddle together. parents worry about lice. >> i grew up in an area when we were sent home. >> the
. a cut edge and now they don't have to worry about it getting broken when they ship it back to the u.s. >>> it's monday, time for the "rtm" ipad mini giveaway. >> you need monday's buzz word. you have to be 18 or older to enter. >> when we give you monday's buzz word. head to our facebook page. if you're using a mobile phone or tablet. go to the first post on our facebook page and tap on the mobile link. >> the buzzword for monday is "sweetheart." head over to"right this minute" and hit the mobile link. >> and enter s-w-e-e-t-h-e-a-r-t for your chance to win an ipad mini. good luck, everybody. >>> five instruments, one tune. one baby band. >> see how this little guy puts on one cool show. >>> nick, the youtube description in this one reads joe decided to fall asleep on our road trip when i asked him not to. naturally, what happens next? >> duty's prank each other all the time when you fall asleep in the car. >> this is a bunch of dudes, so you know a prank is coming. the guy is the pranker. you see he shows us joe. joe, totally conked out. he shows us that they're parked.
. we're out in the caribbean on a u.s. coast guard ship when a jayhawk helicopter needs to get some gas. instead of landing, turning the engines off and taking all that time, they do what's called a hot refuel. they drop the line down from the side of the helicopter. the guys down on deck tie the fuel line to the wench. they pull it back up to the helicopter and one of the crewman on board the jayhawk reaches out and starts fueling this helicopter in midair. >> you get a little too close, those blades cut right into the ship. this becomes a weird crash and shipwreck. >> go too far away while connected like that, the hose could burst and gas shoots everywhere. >> your mind goes to all the different horrible things that could go wrong but it doesn't and it works. >> the reason they do these kinds of hot refuels because it takes time to shut the helicopter down and fire it back up. if you're out doing over water rescue missions you need all the time you can. >> if they need a candy bar and soda, do they throw that to them too? >> what do you do if you're flying a small ultralight plane and
hurt the u.s. economic recovery. >> we can't just cut our way poprosperrity. it hasn't worked in the past and it won't work today. it coo slow down our recovery. it could weaken our economy. and it could cost us jobs. not just now, but in the future. >> as he has done in past, the president today called for a balanced approach that would eliminate tax loopholes for the wealthiest americans and large corporations. >>> meanwhile the white house released this photo of president obama skeet shooting at camp david. the photo was taken back in august, but was released to answer skeptics who doubted mr. obama knew how to shoot. a tbs congresswoman questioned mr. obama's statements that he enjoys the sport and respects the traditions of hunting. >>> in turkey police have confirmed the identity of the suicide bomber who attacked an american embassy. police released this security video the bomber moments before he ignited the bomb. the terrorist group that claim responsible for the bombing now calls him a martyr for the anti- american cause. the attack killed a security guard and serio
. >>> -- the u.s. postal services may be in the brink of collapse but we learned that they are spending thousands of the dollars to send administrators to a conference in march. >> reporter: the administrators conference will tee off with golf. documents obtained by our washington, d.c. bureau show the travel $220.000 in exhibit space will cost the u.s. postal service $200,000. internal postal service documents show beyond the meetings and a golf tournament there will be a music entertainment and the foods of fisherman's wharf and china town. at a time when the postal service is under fire for losing money and scrapping some saturday mail service. one watchdog group says the government shouldn't pay to fly its executives into town. >> they need to be concerned about the objects of this and be concerned about you know ratcheting back on what is considered some of their more luxurious activities. >> reporter: organizers of the national postal forum say the event is designed to inform businesses offered by the postal service. it's targeted thousands of small businesses here in the bay area and it e
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